Asia
ECONOMY | Staff Reporter, Indonesia
view(s)

Indonesia's first trade deficit in 19 months hits US$271.2m

Blame an oil and gas deficit of US$604m.

Indonesia's trade balance turns into a deficit of US$271.2m in July, the first the country has had in almost two years.

In a report by Indonesia Investments, data were rather distorted, because of the Ramadan and Idul Fitri holiday that fell in June.

The country's exports rose by 41.1% YoY to US$13.6b, whilst imports hiked 54% to US$13.9b.

Badan Pusat Statistik (BPS) head Suhariyanto said a deficit in the oil and gas balance of US$604m affected overall trade balance. However, non-oil and gas trade balance saw a 61% rise of US$332.9m.

Read more here.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.